Share prices closed higher as gains in mainland banks and large-caps China Mobile and HSBC helped the market hold up well despite continuing worries about the US economy. China banks were boosted by robust earnings from ICBC and Bank of China, while China Mobile and HSBC were supported by gains in their American depositary receipts (ADRs) overnight. Henderson Investment more than doubled on talk that its parent Henderson Land may either inject some assets into it or take the unit private. Wheelock & Co was up over 6.8 pct after reporting 21 pct rise in net profit for the April to December period.

Full story: forbes.com